Tech

S&P 500: Anyone who bought Netflix shares ten years ago is rich today

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An $ 1 million investment in Netflix shares on January 1, 2010 would be worth nearly $ 43 million today. That reports the US television station CNBC, The 4,181 percent gain at the close of trading on Friday before Christmas outperforms all current stocks in the S&P 500 (Standard & Poor's 500) index, which brings together the stocks of the 500 largest companies listed in the United States.

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Netflix has currently a market capitalization of $ 145.7 billion. "The company has a thin – sometimes razor-thin – operating margin and negative free cash flow"CNBC reports, so spend more than revenue. In order to produce and, above all, buy films and series, very high investments are required,

Jay Hoag, a director of Netflix, was involved in the financing round at the end of 2011. Hoag's company, Technology Crossover Ventures (TCV), invested $ 200 million in convertible bonds. TCV acquired more than 16 million shares on a split basis at a unit price of $ 12.26. At a current stock price of over $ 336, the TCV stock package is worth around $ 1.66 billion, although a large portion of the securities have been sold in the years since the investment.

The three US corporations Apple, Amazon and Microsoft have long struggled for the title of the world's most valuable company this year. Shortly before the end of the year, Apple is just ahead of Microsoft with a market capitalization of 1.12 trillion euros. The software company comes to 1.07 trillion euros. But Saudi Aramco's IPO in December also changed its leadership positions on the world's stock exchanges. The Saudi state brought only 1.5 percent of the world's largest oil producer's shares to the financial markets, but the group as a whole is now worth 1.7 trillion euros – and comes in first place. A single company has never been so precious. The oil company is after Handelsblatt calculations worth almost as much as all 759 listed German corporations combined, totaling 1.9 trillion euros.

In Germany, only SAP ranked 49th and Siemens ranked 98th in the top 100 in 2019. A year ago there were still three, and a year and a half ago, six German companies among them.

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